Roth Capital upgraded shares of FuelCell Energy (NASDAQ:FCEL) from a neutral rating to a buy rating in a research note published on Friday, February 9th, Marketbeat.com reports. The firm currently has $4.00 target price on the energy company’s stock, up from their previous target price of $2.00.
Several other research firms have also weighed in on FCEL. Zacks Investment Research lowered shares of FuelCell Energy from a hold rating to a sell rating in a research report on Wednesday, November 8th. B. Riley upgraded shares of FuelCell Energy from a neutral rating to a buy rating and increased their price target for the company from $2.50 to $3.50 in a research report on Friday, January 12th. Finally, Cowen set a $3.00 target price on shares of FuelCell Energy and gave the stock a buy rating in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. FuelCell Energy presently has an average rating of Hold and an average price target of $3.50.
FuelCell Energy (NASDAQ FCEL) opened at $1.74 on Friday. FuelCell Energy has a 1-year low of $0.80 and a 1-year high of $2.49. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.32 and a current ratio of 2.08. The firm has a market cap of $131.68, a price-to-earnings ratio of -1.45 and a beta of 1.75.
FuelCell Energy (NASDAQ:FCEL) last posted its earnings results on Thursday, January 11th. The energy company reported ($0.17) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.05. FuelCell Energy had a negative net margin of 56.35% and a negative return on equity of 51.62%. The firm had revenue of $47.90 million during the quarter, compared to analyst estimates of $25.90 million. During the same quarter in the prior year, the business posted ($0.41) EPS. The business’s revenue was up 95.5% compared to the same quarter last year. equities analysts forecast that FuelCell Energy will post -0.73 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its stake in FuelCell Energy by 154.5% in the fourth quarter. Bank of New York Mellon Corp now owns 62,038 shares of the energy company’s stock valued at $105,000 after purchasing an additional 37,661 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in FuelCell Energy by 657.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 87,887 shares of the energy company’s stock valued at $149,000 after purchasing an additional 76,290 shares in the last quarter. KBC Group NV raised its stake in FuelCell Energy by 170.5% in the third quarter. KBC Group NV now owns 233,465 shares of the energy company’s stock valued at $409,000 after purchasing an additional 147,155 shares in the last quarter. Geode Capital Management LLC raised its stake in FuelCell Energy by 27.6% in the fourth quarter. Geode Capital Management LLC now owns 367,979 shares of the energy company’s stock valued at $625,000 after purchasing an additional 79,572 shares in the last quarter. Finally, Hudson Bay Capital Management LP purchased a new stake in FuelCell Energy in the fourth quarter valued at approximately $651,000. 15.67% of the stock is currently owned by institutional investors and hedge funds.
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FuelCell Energy Company Profile
Fuelcell Energy, Inc delivers fuel cell power solutions. The Company is engaged in designing, manufacturing, installing, operating and maintaining fuel cell power solutions. The Company also provides turnkey power generation solutions to the customers, including power plant installation, operations and maintenance.
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